§ 19201. Appointment and bonding of conservators
Whenever the Commissioner deems it necessary in order to conserve the assets of a Vermont financial institution for the benefit of the depositors and other creditors thereof, the Commissioner may appoint a conservator for the financial institution and require of the conservator such bond and security as the Commissioner deems proper. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 209 - Conservation, Liquidation, and Insolvency
§ 19102. Governor’s proclamation
§ 19104. Restrictions continued after holidays
§ 19105. Orders as to deposits and debts due financial institution
§ 19106. Withdrawals, rateable share of depositor’s interest
§ 19107. Publication of orders
§ 19109. New commercial or savings deposits authorized; withdrawals
§ 19201. Appointment and bonding of conservators
§ 19202. Conservation of assets
§ 19203. Powers of conservator
§ 19204. Rights of interested parties
§ 19205. Fiduciary powers; appointment of new trustee for trust accounts
§ 19209. Termination of conservatorship
§ 19210. Notice to depositors of termination of conservatorship
§ 19301. Application for receiver; petition to divide losses
§ 19302. Appointment of receiver; notice and hearing
§ 19304. Commissioner as receiver
§ 19305. Duties and rights of receiver
§ 19306. Federal deposit insurance corporation
§ 19309. Limitation on time for proving claims
§ 19310. Submission of disallowed claims to Superior judge
§ 19311. Order to discontinue unauthorized practices
§ 19312. Failure to comply with Commissioner’s order
§ 19313. Authority of Court to enforce Commissioner’s order
§ 19314. Accounting and report of receiver
§ 19401. Plan for reopening or establishment of new financial institution
§ 19402. Petitioning Court for hearing; notice; hearing; approval of plan
§ 19403. Depositor’s objection to plan; receivership continued
§ 19404. Deposits of public money
§ 19405. Deposits not paid or received; business continued
§ 19406. Orders under which financial institution may continue business
§ 19407. Expenses; deposits received after petition filed